The two companies announced a strategic alliance that will give customers a single source for an integrated approach to online and real-time process analysis. Fuels blending analysis will be a key focus.
With an ultimate goal of connecting 4,000 of its oil wells to the Industrial Internet, BP will gain real-time visibility across its production assets to improve operational efficiency and minimize unplanned downtime.
Particularly strengthening the oil and gas offering, KEPServerEX V5.18 leverages new liquid capabilities in ABB Totalflow measurements.
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If it’s true that one of the keys to success is seeing challenges as opportunities, now is the time for the upstream oil and gas industry to apply this adage, since the value of its product has been nearly cut in half. One major opportunity for this industry is Big Data.
Lower attendance at OTC this year reflected the hurt that the oil and gas industry is feeling right now. But companies that can wait it out are taking the opportunity to optimize production and get ready for an upturn.
Unlike wildcatting days when oil exploration had about a 10 percent chance of success, modern oil drilling has become more of a manufacturing process, with shale operations at close to 100 percent success rates. What does that mean for automation?